Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

LETS GO BEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Attachment 64837

Originally Posted by rdweinert

I am with you on this. I am away from any long entry on this pair, and short on GBP/USD. Ready to move stops and move limits.

I spot a nice bearish engulfing candle on the hourly chrt for gbpjpy about to close

Originally Posted by saharra

I spot a nice bearish engulfing candle on the hourly chrt for gbpjpy about to close

do you have a link to candle patterns?

Originally Posted by rdweinert

do you have a link to candle patterns?

Here you go - Candlestick Engulfing Patterns - Bullish and Bearish Engulfing candlestick charts

Originally Posted by saharra

Here you go - Candlestick Engulfing Patterns - Bullish and Bearish Engulfing candlestick charts

Thankyou. I have an old link, and it is not very good.

Originally Posted by rdweinert

Thankyou. I have an old link, and it is not very good.

You are welcome, BTW candles really only good showing reversals - I typically look for specific candles at S&R. In this case bearish engulfing should typically be seen at R. and bullish engulfing at S. In this instance I am treating 133.30 area as a kind of R - using my emas to identify that or I would say help me justify that area as interim R

Originally Posted by saharra

You are welcome, BTW candles really only good showing reversals - I typically look for specific candles at S&R. In this case bearish engulfing should typically be seen at R. and bullish engulfing at S. In this instance I am treating 133.30 area as a kind of R - using my emas to identify that or I would say help me justify that area as interim R

I hear you. I have been using 10/26 ema to identify s&r.

Well iam a bonafide bears so my views might be biased.

But even though slow, the pair is surely in a bearish pattern.

The pair has yet to break decently 134 zone. this morning was an exception but over all the pair is sticking to the lower boundaries of the range.

I think (lol i hve been thinking a lot lately) but the next 20hrs will be decsissive. it will break either range.

Originally Posted by cool_fx

Well iam a bonafide bears so my views might be biased.

But even though slow, the pair is surely in a bearish pattern.

The pair has yet to break decently 134 zone. this morning was an exception but over all the pair is sticking to the lower boundaries of the range.

I think (lol i hve been thinking a lot lately) but the next 20hrs will be decsissive. it will break either range.

Come on bears lets go, so yes that break of 134 this am was false. No candle closed and stayed in that area - so onto 130.xx - lol. Finally the GOLDEN Goose is laying some eggs - its been a wait

Originally Posted by cool_fx

Well iam a bonafide bears so my views might be biased.

But even though slow, the pair is surely in a bearish pattern.

The pair has yet to break decently 134 zone. this morning was an exception but over all the pair is sticking to the lower boundaries of the range.

I think (lol i hve been thinking a lot lately) but the next 20hrs will be decsissive. it will break either range.

Cool, I finally became a bear and this morning I went Semi Short 133.8
What is your target??

I set limits around 131ish.

Originally Posted by saharra

I spot a nice bearish engulfing candle on the hourly chrt for gbpjpy about to close

I am shrt cable from this am as well and just spotted a bearish engulfing candle on 4hr chrt - did not see it as I had been concentrating on gbpjpy but the the bearish engulfing is there and its right at R my 60 ema that acted as R. Come on bears lets go - I am liking this nothing like pips coming fast

Originally Posted by PIP Slap

Cool, I finally became a bear and this morning I went Semi Short 133.8
What is your target??

lol awesome. looks like bear camp is increasing. lets all go for the goal prize.

Well to be honest my target is 130.20 and 129.70

But my intermediate profits are

1) 132.18

2) 131.45

3) 130.88

Long @ 132.7 tight SL, very cautious

Originally Posted by cool_fx

lol awesome. looks like bear camp is increasing. lets all go for the goal prize.

Well to be honest my target is 130.20 and 129.70

But my intermediate profits are

1) 132.18

2) 131.45

3) 130.88

Nice, going heavy now!!!! Good Luck all!!!!!!!!!!!!!!!

Originally Posted by skydiver

Hi
Thats music to my ears.

Ive just added one more short but treating this as a scalp.

Short 133.20. Stop 133.60. Target 132.75.

Trading off the 5min chart 133.20 being the top of the channel.

Finaly +45pips.

What a time to introduce a friend to geppy Cool - he wont be a friend for long.

I agree with Mihai that there could be a bounce up from 132.50 but i seriously doubt that it will get above 133.45 for a while now.
Said earlier that we need G/U to falter at resistance 1.566 which it has done.
132.20 looks achievable for Geppy before UK open.

Still holding Shorts 133.86, 133.74, 133.50.

Good Luck all +156pips for the week so far, i want more!.